The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: RockyBalboa who wrote (207618)	6/19/2009 8:38:44 PM
From: Perspective	Read Replies (2) of 306849

That one appears to be privately held. No borrow on the pink sheet listed one. But COOP is available. The ones that are going into receivership are pretty easy to identify; the problem is that there are hundreds of banks that fit the profile. I just haven't been too excited about it lately, since it seemed like Shelia was taking an extended holiday. Perhaps if they get back on the job again, I'll have to start rebuilding positions against those. If the rate of closure averages 1-2/month, it just isn't worth the effort. If we can get back above 4 closures/month, then I get a little more interested in laying out the effort. They're almost all so thinly traded. You can get a borrow one day and then have it taken back a couple weeks later. And in an illiquid equity, it doesn't take too many to really lose a bunch. When they hit, though, the returns are sweet. BC

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